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Gold/Mining/Energy : REX DIAMOND MINING TSE:RXD -- Ignore unavailable to you. Want to Upgrade?

To: virginijus poshkus who wrote (1128)	1/26/1999 9:26:00 AM
From: Ross Orr	Read Replies (1) \| Respond to of 2522

Sierra Leone has been a mess for 30 years and doesn't seem to be close to correcting itself in the near future. It would have been nice for the company to have had production from SL but it seems that the focus is on Mauritania where it seems they have a tiger by the tail. Exploration has always been the biggest bang for your buck even though production provides a steady cash flow. The unfortunate thing is that given the depressed mining markets you won't get as big a bang as we would have two years ago. I would expect positive news to dribble out over the next phase of trenching etc. Quarterly results will be out before the end of Feb. which would be a good time to provide another update. Ross